Synodon Inc SYXXF

Technology Scientific & Technical Instruments

Synodon Inc. (Synodon) is a Canada-based company focused on providing aerial integrity management solutions for oil and gas pipeline operators. The Company has developed a remote gas sensing instrument called realSens that is capable of detecting ground-level hydrocarbon gas occurrences from an aircraft flying at an altitude of approximately 300 meters (approximately 1,000 feet). The instrument contains a high definition photographic camera, a thermal camera, laser altimeter, global positioning system (GPS)/inertial navigation system (INS) system, on-board computer, control unit, power supply and an in-cockpit display system. It offers airborne pipeline integrity management services to operators of oil and gas pipelines, which include leak detection, pipeline threat assessment, Right-of-Way (R0W) change and slope analysis, tree canopy encroachment, water crossing analysis (including three-dimensional (3-D) water crossings analysis) and pipeline location classification services.

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Synodon Inc > Sure enough more dilution today

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Comment by redmantxon Feb 02, 2016 6:54pm

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RE:RE:Sure enough more dilution today

nortzy27, the majority shareholder has purchased 36,000,000 (or so, if I remember right) shares in the last rights offering at $0.05 so I would think that brings their average price below $0.10 (we could easily calculate the exact number based on the public filings if we really wanted to). And the 91,324 shares issued to the CFO and COO represent only $5296 in compensation, hardly the bulk of their comp. which I would guess is well above $25k per month (combined). It is still interesting that they are getting some of their compansation in stock but it may be provided more as an upside incentive rather than anything else...

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